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AXA China Region Insurance Co. (Bermuda) Ltd. Dec 03
Standard & Poors, Dec 2003
Abstract
The ratings on AXA China Region Insurance Co. (Bermuda) Ltd. (ACRB) reflect the parent's implicit support for the company. They also reflect the company's good market position and satisfactory investment profile. However, these factors are moderated by the company's weakened operating performance, mainly as a result of investment market volatility. ACRB is the main subsidiary of Hong Kong-based AXA China Region Ltd., a subsidiary of Australia-based AXA Asia Pacific Holdings Ltd. and a member of the France-based AXA insurance group. ACRB benefits from financial support from its immediate parent and technical support from the wider AXA group. ACRB has a good market position and is the third-largest life insurance company in Hong Kong in terms of in-force individual life insurance...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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